The Belgian Export Credit Agency (ONDD) insures the export transaction and the credit in accordance with strict international rules. Both negotiating with international counterparties and a knowledge of international regulations and incorporating them into an amended credit agreement demand a specialist approach, something which you can rely on support from KBC.
Extra sales argument
If your international client can get better finance terms from you than on the local market, that’s an extra reason for them to do business with you.
Own credit lines not burdened
The financing costs are borne by the international buyer.
If the drawdown conditions have been met, you will receive payment for your goods from KBC.
Selling across the border
If you want to continue growing, you have to think internationally. And if you want to sell your products abroad, it’s wise to consider support in the form of export finance. This provides a medium/long-term credit facility to a foreign buyer of your products, turning you into an attractive partner to do business with.
The benefits for you
- Extra sales argument: cheaper than the local financing terms
- Exporter’s credit lines are left entirely or virtually untouched
- Financing costs are borne by the international buyer.
- Payment received via KBC
Don’t hesitate to contact your KBC relationship manager for more information and to start giving more tangible form to your plans to conquer the international market.
The financial challenges of IBA
those wishing to export expensive capital goods to such markets.